Bail bonds are a type of financial security that enables a defendant to be released from jail before their trial. The defendant or their family usually contacts a bail bondsman to secure a bail bond, which is a contract between the defendant, the bail bondsman, and the court. Several types of bail bonds pittsburgh are available for a varied purpose.
Types of bail bonds:
Cash Bail Bond – This is the simplest type of bail bond, and it involves paying the full amount of the bail in cash. This type of bond is usually only used for minor offenses, and the money is refunded when the defendant appears in court.
Surety Bond – A surety bond involves a third party, such as a bail bondsman or a bail bond company, providing the funds to cover the full bail amount. In return, the defendant pays a fee, usually around 10% of the total bail amount, to the third party. The fee is non-refundable, even if the defendant appears in court as required.
Property Bond – A property bond involves using real estate as collateral to secure a bond. The property must be owned outright, and the equity must be worth at least double the amount of the bail. If the defendant fails to appear in court, the property may be seized to cover the bail amount.
Federal Bail Bond – A federal bail bond is used in cases where a defendant is charged with a federal crime. The bail amount for federal crimes is usually much higher than for state crimes, and federal bail bonds typically require more collateral and a higher fee.
Immigration Bail Bond – An immigration bail bond is used when a non-citizen is detained by Immigration and Customs Enforcement (ICE). These bonds are often more difficult to obtain, and the process can take longer than for other types of bail bonds.
The type of bail bond an individual choose will depend on the circumstances of the case and the client’s financial situation. It’s important to work with a reputable bail bondsman or bail bond company to ensure that an individual fully understands the terms of the bond and can meet all of the requirements.